Bitcoin opened on December 4 at the price of $ 53,611, but fell as low as $ 42,038.
Cryptocurrency futures trading with 100x leverage is very popular these days.
The cryptocurrency market has been battling a dangerous typhoon recently. Bitcoin (BTC) opened on December 4 at the price of $ 53,611, but fell as low as $ 42,038, a drop of more than 20%. In other words, if you bought a Bitcoin at the spot price of $ 53,611, your assets could have been reduced by 20% in one day.
However, there are still some people in the market who took advantage of this drop to make a return of more than 2000%. How they did it? If you want to know the answer, then you need to understand one of the most popular investment methods today – cryptocurrency futures trading with 100x leverage.
What is the difference between this and the spot?
In traditional spot trading you can only buy and wait for the price increase to make a profit. With 100x leveraged futures trading, you can buy high (go long) or buy low (go short), which means you can profit whether the market goes up or down. What’s more, you have 100x leverage to increase your earnings.
How does 100x leverage work?
With 100x leverage applied, traders can invest 1 BTC to open a position worth 100 BTC by going long (predicting that the price of BTC will go up) or short (predicting that the price of BTC will go down). If we use 1 BTC to open a short perpetual contract at the price of $ 53,600 and close it when Bitcoin is trading at $ 42,000, our profit will be ($ 53,600- $ 42,000) * 100 BTC / $ 42,000 ≈27.6 BTC, which makes the ROI be 2760%.
Recommended 100X Leverage Trading Platform
Bexplus is a leading cryptocurrency derivatives trading platform that offers futures trading with 100x leverage on various trading pairs: BTC, ETH, ADA, Doge, XRP, etc. Bexplus does not require KYC and is popular with over 800,000 operators in over 200 countries / regions. In addition, the platform is secure because it is accredited by the MSB (Money Services Business).
Other notable benefits
Bexplus offers a 100% bonus for every deposit, with which you can open bigger positions and get more profit. Deposit 1 BTC and you will get 2 BTC credited to your account. Each user can get up to 10 BTC for each deposit (Bonuses cannot be withdrawn, but the profit obtained from the bonus can be withdrawn).
When you’re not trading, you can transfer your bitcoins to your interest-bearing wallet and enjoy up to 21% annualized interest without any risk, which is without a doubt one of the most profitable rates in the industry.
A demo account with 10 BTC
A simulation account With 10 BTC rechargeable offered by Bexplus it can help you to become better acquainted with leveraged trading and practice without taking any risk. You can also learn how to analyze the market and use the toolkit with the demo account.
Withdrawal and customer service 24/7
You can submit a withdrawal request anytime you want and get your deposits back in as little as 30 minutes during business hours. If you have any problems, please contact customer service through different channels such as email and live chat.
With the Bexplus app, you can manage your account and trade anywhere, anytime. It also integrates other tools like real-time charts, news alerts, etc., which are your capable assistants in trading. Download the Bexplus app at Apple Store and Google Play.
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